A formula for calculating the cost of owning,operating,and controlling an IT system best defines
A) payback period.
B) return on investment.
C) total cost of ownership.
D) total benefits of ownership.

Question

Quizplus · Accepted Answer

Total cost of ownership (TCO) is a formula used to calculate the total cost of owning, operating, and controlling an IT system. This includes not only the initial cost of purchase or installation, but also ongoing costs such as maintenance, upgrades, and support. TCO enables organizations to make informed decisions about the cost-effectiveness of different IT solutions and to determine the true value of their investments.

A Formula for Calculating the Cost of Owning,operating,and Controlling an IT